// Asda owners interested in takeover of UK-based leisure brand Butlin’s
// Fortress Investment Group, and TDR Capital, one of the principal shareholders in Asda, have submitted offers
Asda owners Fortress Investment Group and TDR Capital are among the parties interested in acquiring UK-based leisure brand Butlin’s.
Fortress Investment Group, and TDR Capital, one of the principal shareholders in Asda, have submitted indicative offers for Butlin’s in the last few days.
Butlin’s is being sold by Bourne Leisure, which also trades under the Haven and Warner Leisure Hotels brands.
Private equity firm Blackstone bought Bourne just under 18 months ago in a deal valuing the group at about £3 billion.
READ MORE: Asda owners consider £10bn Boots takeover
Asda owners, the Issa brothers, revealed in January that they were considering a multi-billion pound takeover of health and beauty retailer Boots.
The grocery and petrol station tycoons held early-stage discussions over the possibility of adding Boots to their portfolio.
Interest in a Boots bid comes after the Issas sealed a £6.8 billion takeover of Big 4 grocer Asda in 2020.
They borrowed £3.5 billion to finance the transaction and planned to sell Asda’s petrol stations to EG Group, their other company.
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2 Comments. Leave new
No wonder the country is in such a mess, everything is done with borrowed money. The only people who benefit are the Banks, Accountant’s and legal people.
RIP Butlin’s!